Virgin Galactic Loses More Money, Plans to Sell More Tickets
Shares of space tourism company Virgin Galactic (NYSE: SPCE) are up a strong 13% since reporting earnings last Thursday. This must mean that the company's results were great, right?
Well, no. As my fellow Fool Lou Whiteman pointed out at the time, Virgin Galactic actually fell quite a bit short of even Wall Street's rather low expectations for Q3. Analysts had forecast that Virgin would lose $0.26 per share. It actually lost $0.34 per share -- and reported zero revenue for its second straight quarter.
But if "earnings" aren't the reason that Virgin Galactic stock is rising after earnings, then what is? Let's dig into the report and see if we can find out.
Source Fool.com
